1,1165. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The price should find a resistance below 1,1200 (35 pips). The downtrend should continue to gather momentum.
Resistances
1,1200 - 1,1225
Supports
1,1110 - 1,1085